Use the information below to answer the question Gross profit b/d Less: Salaries and wages...
FINANCIAL
JAMB 2021
Use the information below to answer the question
| Gross profit b/d Less: Salaries and wages Electricity Depreciation Net profit c/d | Dept A ₦ 6,000 1,800 ? 600 ? 6,000 | Dept B ₦4,000 1,200 ? ?1,600 4,000 | Total ₦ 10,000 3,000 2,000 1,000 4,000 10,000 |
It is the tradition of the organization to apportion expenses in the proportion 60%:40% for A and B respectively.
What is the net profit made by department A?
- A. ₦2000
- B. ₦3600
- C. ₦3000
- D. ₦2400
Correct Answer: D. ₦2400
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